Vehicle rental and means test deduction
Posted: Thu Jun 21, 2018 10:05 am
I haven't researched this, but just off the top of my head, renting by
month and leasing by year are the same except for the term. Granted, a
daily rental would stretch B22 credulity. However, given a history here
of months, I've never heard of anything limiting in the Bankruptcy Code
that specifies the minimum term for a lease. From there, like many other
parts of the means test, this is an all-or-nothing deduction, yet real
life is more gray. I'd then look at how much of the six-month lookback
period did this exist... if only 1 or 2, that seems to be asking for an
objection, if 5 or 6, that would seem fairly solid.
My two cents,
Hale
On 6/21/2018 9:46 AM, 'Peter M. Lively' petermlively2000@yahoo.com
[cdcbaa] wrote:
> Its arguably a secured debt under 707(b)(2)(A)(iii)
>
> Peter M. Lively, J.D., M.B.A.
> Law Office of Peter M. Lively * Personal Financial Law Center I
> 11268 Washington Boulevard, Suite 203, Culver City, California 90230-4647
> Telephone: (310) 391-2400 * Toll Free: (800) 307-3328 * Fax: (310)
> 391-2462
>
>
> On Wednesday, June 20, 2018, 5:32:16 PM PDT, 'Mark J. Markus'
> bklawr@yahoo.com [cdcbaa] wrote:
>
>
> Does anyone know if a vehicle rental (e.g. a monthly rental agreement)
> would qualify a debtor to take the means test deduction for vehicle
> ownership expense (like a lease or finance) on Line 13a?
>
>
> --
>
> *************************
> Mark J. Markus
> Law Office of Mark J. Markus
> _*Mailing Address Only:*_
> 11684 Ventura Blvd. PMB #403
> Studio City, CA 91604-2652
> (818)509-1173 (818)332-1180 (fax)
> web: http://www.bklaw.com/
> Certified Bankruptcy Law Specialist--The State Bar of California Board
> of Legal Specialization
> This Firm is a Qualified Federal Debt Relief Agency
> ________________________________________________
> NOTICE: This Electronic Message contains information from the law
> office of Mark J. Markus that may be privileged. The information is
> intended for the use of the addressee only. If you are not the
> addressee, note that any disclosure, copy, distribution or use of the
> contents of this message is prohibited.
> IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements
> imposed by the IRS, we inform you that any U.S. tax advice contained
> in this communication (or in any attachment) is not intended or
> written to be used, and cannot be used, for the purpose of (i)
> avoiding penalties under the Internal Revenue Code or (ii) promoting,
> marketing or recommending to another party any transaction or matter
> addressed in this communication.
>
> alt
>
> Virus-free. www.avg.com
>
>
>
>
>
*/Hale Andrew Antico/*
(888) 54-BKLAW
http://www.los-angeles-bankruptcy.net
/Vice-President, Board Member, Central Dist Consumer Bankruptcy
Attorneys' Assn.(CDCBAA)/
/Past President, Board Member, James T. King Bankruptcy Inn of Court/
/Member, National Association of Consumer Bankruptcy Attorneys (NACBA)/
/We are a federally designated Debt Relief Agency under the United
States Bankruptcy Laws./
/We assist people with finding solutions to their debt problems,
including, where appropriate, assisting them with the filing of
petitions for relief under the United States Bankruptcy Code./
/Email isn't secure, so it's not confidential. By communicating with me
by email, you understand that it's not confidential./
/This does not constitute an electronic signature./
The post was migrated from Yahoo.